Missouri Credit Union Association - Mad CIty Moneyhttps://www.mcua.org/taxonomy/term/90
enCMCCU Volunteers at Richmond Missouri High's Reality Fairhttps://www.mcua.org/node/2318
<a href="/node/2318"><img class="teaserimage" typeof="foaf:Image" src="https://www.mcua.org/sites/default/files//styles/thumbnail/public/images/cmccu-mad-city-money-2015.jpg?itok=Z4cQ8UOk" alt="CMCCU Volunteers at Richmond Missouri High&#039;s Reality Fair" title="CMCCU Volunteers at Richmond Missouri High&#039;s Reality Fair" /></a><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>On Wednesday, February 18, 2015, several Central Missouri Community Credit Union (CMCCU)&nbsp;employees volunteered at Richmond High School for a Mad City Money activity.&nbsp;</p>
<p>Mad City Money is a hands-on financial reality fair&nbsp;developed by the Credit Union National Association (CUNA), which helps high school students experience what life is like in the real world after graduation.</p>
<p>"We believe&nbsp;it is very important that we teach our children about real world finances, so they&nbsp;know how to budget the&nbsp;paychecks they will be getting," says Carol White, president/CEO of&nbsp;CMCCU.&nbsp;"A key part of budgeting for this generation will be figuring out how pay back student loans while handling&nbsp;all of their other daily living expenses."</p>
<p>Students received their "life scenario" right before entering the room. They faced the challenge of&nbsp;meeting their financial obligations and balancing their monthly budget. Depending on the life scenario they received, they may have had to consider a spouse and one or more children, children with no spouse, or another combination of responsibilities.</p>
<p>Each student moved through the program paying bills, buying household items, paying for daycare and/or insurance if needed, deciding on entertainment costs and getting financial advice.&nbsp;They quickly realized the challenging choices they had to make to meet their expenses and have a minimum of $100 in savings at the end of each payroll period.&nbsp;This was frequently complicated by unexpected events such as necessary family visits with travel costs and events with attached expenses.</p>
<p>The students had a lot of fun figuring out how they could plan their life wisely.&nbsp;Some ended up on top with extra cash to put in savings, while others had nothing left.</p>
<p>CMCCU's volunteers were grateful for the opportunity to bring financial education to the students and the school.&nbsp;</p>
<p><em>Caption: A&nbsp;CMCCU volunteer&nbsp;assists a student during the Mad City Money event.&nbsp;</em></p>
<p><em>Caption (bottom): Students contemplate what the best financial choices are for their life scenarios.&nbsp;</em></p>
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</div></div></div><div class="field field-name-field-vocab-community field-type-taxonomy-term-reference field-label-above"><div class="field-label">Vocab Community:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/199" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">new</a></div><div class="field-item odd"><a href="/taxonomy/term/1177" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">CMCCU</a></div><div class="field-item even"><a href="/taxonomy/term/2427" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">reality fair</a></div><div class="field-item odd"><a href="/taxonomy/term/90" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Mad CIty Money</a></div><div class="field-item even"><a href="/taxonomy/term/667" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">youth financial education</a></div><div class="field-item odd"><a href="/taxonomy/term/3551" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">#get local</a></div></div></div>Thu, 12 Mar 2015 18:35:04 +0000Sharon Bahr2318 at https://www.mcua.orghttps://www.mcua.org/node/2318#commentsMid Missouri Presents Mad City Money to High Schoolers https://www.mcua.org/node/1099
<a href="/node/1099"><img class="teaserimage" typeof="foaf:Image" src="https://www.mcua.org/sites/default/files//styles/thumbnail/public/Article%20Images/MidMissouri.jpg?itok=gNsqi360" alt="Mid Missouri Presents Mad City Money to High Schoolers " title="Mid Missouri Presents Mad City Money to High Schoolers " /></a><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>The Waynesville High School (Waynesville, MO) &nbsp;class of 2016 had a chance to visit Mad City Money during their Life Skills class. For the third year in a row, representatives from Mid Missouri Credit Union (Fort Leonard Wood) presented a simulation of what the real world would be like after high school and college. Each student received an occupation and salary. Some received credit card and student loan debt, medical insurance, spouses and children.</p>
<p>Students built a monthly budget based on their incomes. They visited nine merchants in Mad City who were employees of Mid Missouri Credit Union where the students purchased housing, transportation, food, day care, and other needs. There was a mall for wants and, of course, a credit union for financial services. The Fickle Finger of Fate randomly visited each participant during the simulation and distributed unexpected windfalls and unplanned expenses. Students wrote checks for their purchases and had to balance both their checkbooks and their budgets.</p>
<p>This was such an eye opening experience for most of the students and they truly understood what their parents or guardians go through on a daily basis.&nbsp; One student said, “When I have a career and steady income I will make sure I use what I learned here and also to understand that needs are more important than wants.” A random drawing was held and three students won an iPod Nano and accessory kit. This was a very rewarding experience and Mid Missouri Credit Union looks forward to taking this program into other school districts in their field of membership.</p>
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Photo Caption: &nbsp;Students participate in Mad City Money at their school.</address>
</div></div></div><div class="field field-name-field-vocab-community field-type-taxonomy-term-reference field-label-above"><div class="field-label">Vocab Community:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/199" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">new</a></div><div class="field-item odd"><a href="/taxonomy/term/87" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Mid Missouri</a></div><div class="field-item even"><a href="/taxonomy/term/90" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Mad CIty Money</a></div><div class="field-item odd"><a href="/taxonomy/term/667" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">youth financial education</a></div></div></div>Wed, 23 Jan 2013 14:26:48 +0000Sharon Bahr1099 at https://www.mcua.orghttps://www.mcua.org/node/1099#comments